---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-035354"
form_type: "8-K"
ticker: "EXTR"
cik: "0001078271"
company_name: "EXTREME NETWORKS INC"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:27:45.903394+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Extreme Networks reports record Q1 revenue $297.7M (+11% YoY); SaaS ARR up 41% to $111M

## Summary
- Revenue $297.7M, record; SaaS ARR $111M (+41% YoY); GAAP diluted EPS $0.09, Non-GAAP $0.20.
- GAAP gross margin 56.0%, Non-GAAP 57.6%, up QoQ; operating margin improved to 5.8% GAAP, 12.1% Non-GAAP.
- Free cash flow $46.6M; retired $37M of debt; net debt down to $73.2M from $114.1M in prior quarter.
- Backlog $555M; reiterates FY23 revenue growth outlook of 10-15%; expects >60% gross margin in H2.
- Customer wins: Hana Bank, Minor League Baseball, major Las Vegas casino, Ministry of Justice France.

## SEC filing metadata
- accession: 0001564590-22-035354
- form_type: 8-K
- ticker: EXTR
- cik: 0001078271
- company_name: EXTREME NETWORKS INC
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1078271/000156459022035354/0001564590-22-035354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078271/000156459022035354/extr-8k_20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-035354
- JSON: https://secwatch.observer/filing/0001564590-22-035354.json
- Plain text: https://secwatch.observer/filing/0001564590-22-035354.txt

## Key facts
- Earnings Releases
  EXTREME NETWORKS INC reported first fiscal quarter ended September 30, 2022 results: revenue $297.7 million, net income $12.6 million, EPS $0.09. Guidance reaffirmed.
  - Period: first fiscal quarter ended September 30, 2022
  - Revenue: $297.7 million
  - Net income: $12.6 million
  - EPS: $0.09
  - Guidance: reaffirmed
  - Result: reported results
  source text: Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its first fiscal quarter ended September 30, 2022. Fiscal First Quarter Results: • Revenue $297.7 million, up 11% year-over-year, and up 7% quarter-over-quarter • SaaS ARR* $111.0 million, up 41% year-over-year, and up 8% quarter-over-quarter • GAAP diluted EPS $0.09, compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000156459022035354/0001564590-22-035354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.